Optimize Financial Inc Makes New Investment in Advanced Micro Devices, Inc. $AMD

Key Points

• Optimize Financial Inc has acquired a new position in Advanced Micro Devices, investing approximately $1.96 million for 19,102 shares, making it the fifth largest position in their portfolio.
• Advanced Micro Devices reported earnings per share (EPS) of $0.48 for the last quarter, which fell short of analysts' expectations of $0.54, while revenue increased by 31.7% year-over-year.
• The company announced a $6.00 billion share repurchase plan, indicating confidence from its board in the long-term value of AMD's shares.

Optimize Financial Inc bought a new position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 19,102 shares of the semiconductor manufacturer's stock, valued at approximately $1,963,000. Advanced Micro Devices makes up approximately 0.7% of Optimize Financial Inc's portfolio, making the stock its 5th biggest position.

Several other institutional investors and hedge funds have also recently modified their holdings of AMD. Brighton Jones LLC boosted its position in Advanced Micro Devices by 178.2% during the fourth quarter. Brighton Jones LLC now owns 45,956 shares of the semiconductor manufacturer's stock worth $5,551,000 after purchasing an additional 29,438 shares in the last quarter. Revolve Wealth Partners LLC lifted its position in shares of Advanced Micro Devices by 2.9% during the 4th quarter. Revolve Wealth Partners LLC now owns 8,283 shares of the semiconductor manufacturer's stock valued at $1,001,000 after buying an additional 234 shares in the last quarter. Bank Pictet & Cie Europe AG grew its stake in Advanced Micro Devices by 12.7% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 264,574 shares of the semiconductor manufacturer's stock valued at $31,958,000 after acquiring an additional 29,825 shares during the period. Triumph Capital Management increased its holdings in Advanced Micro Devices by 27.2% in the 4th quarter. Triumph Capital Management now owns 23,327 shares of the semiconductor manufacturer's stock worth $2,818,000 after acquiring an additional 4,992 shares in the last quarter. Finally, First Manhattan CO. LLC. raised its position in Advanced Micro Devices by 3.7% during the fourth quarter. First Manhattan CO. LLC. now owns 7,733 shares of the semiconductor manufacturer's stock worth $934,000 after acquiring an additional 278 shares during the period. Hedge funds and other institutional investors own 71.34% of the company's stock.

Advanced Micro Devices Stock Up 0.2%

NASDAQ AMD opened at $151.41 on Tuesday. The business's fifty day simple moving average is $161.55 and its 200-day simple moving average is $125.98. The company has a quick ratio of 1.81, a current ratio of 2.49 and a debt-to-equity ratio of 0.05. The firm has a market cap of $245.71 billion, a PE ratio of 87.02, a P/E/G ratio of 1.79 and a beta of 1.92. Advanced Micro Devices, Inc. has a 52 week low of $76.48 and a 52 week high of $186.65.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The semiconductor manufacturer reported $0.48 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.54 by ($0.06). Advanced Micro Devices had a net margin of 9.57% and a return on equity of 7.54%. The firm had revenue of $7.69 billion during the quarter, compared to analysts' expectations of $7.41 billion. During the same period in the prior year, the company posted $0.69 EPS. The company's revenue for the quarter was up 31.7% compared to the same quarter last year. Advanced Micro Devices has set its Q3 2025 guidance at EPS. As a group, equities analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current year.

Advanced Micro Devices announced that its board has initiated a share repurchase plan on Wednesday, May 14th that authorizes the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization authorizes the semiconductor manufacturer to repurchase up to 3.1% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company's board believes its shares are undervalued.

Insider Transactions at Advanced Micro Devices

In related news, EVP Paul Darren Grasby sold 10,000 shares of the stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $173.21, for a total value of $1,732,100.00. Following the completion of the transaction, the executive vice president directly owned 125,505 shares in the company, valued at approximately $21,738,721.05. This represents a 7.38% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Mark D. Papermaster sold 17,998 shares of the firm's stock in a transaction on Tuesday, July 15th. The stock was sold at an average price of $155.03, for a total value of $2,790,229.94. Following the sale, the executive vice president directly owned 1,713,710 shares of the company's stock, valued at approximately $265,676,461.30. This trade represents a 1.04% decrease in their position. The disclosure for this sale can be found here. Insiders sold 252,998 shares of company stock worth $41,415,580 in the last 90 days. Insiders own 0.06% of the company's stock.

Analysts Set New Price Targets

AMD has been the topic of several research analyst reports. Cantor Fitzgerald reiterated an "overweight" rating and issued a $200.00 target price on shares of Advanced Micro Devices in a research report on Wednesday, August 6th. HSBC upgraded Advanced Micro Devices from a "hold" rating to a "buy" rating and set a $200.00 price objective on the stock in a report on Thursday, July 10th. DZ Bank raised Advanced Micro Devices from a "sell" rating to a "hold" rating and set a $165.00 target price for the company in a report on Thursday, August 7th. Stifel Nicolaus lifted their price target on Advanced Micro Devices from $161.00 to $190.00 and gave the stock a "buy" rating in a research note on Wednesday, August 6th. Finally, Citigroup boosted their price target on Advanced Micro Devices from $145.00 to $165.00 and gave the stock a "neutral" rating in a research report on Friday, July 18th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $181.33.

Advanced Micro Devices Profile

Advanced Micro Devices, Inc operates as a semiconductor company worldwide. It operates through Data Center, Client, Gaming, and Embedded segments. The company offers x86 microprocessors and graphics processing units (GPUs) as an accelerated processing unit, chipsets, data center, and professional GPUs; and embedded processors, and semi-custom system-on-chip (SoC) products, microprocessor and SoC development services and technology, data processing unites, field programmable gate arrays (FPGA), and adaptive SoC products.

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